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Description : Luxurious and spacious (60 sq.m),
fully furnished, one bedroom apartment . Perfectly
located in central Nicosia (Hilton Area) is close to
all amenities and to the Cyprus University. Rents in
this area enjoy a premium since there is high demand
from both professionals for offices
and University students. The
apartment is currently rented for £325 / month.
Investment
plan : You purchase this flat for £50K. You put
£15K and the remaining £35K is mortgaged for 25 years.
Your monthly instalment will be around £240. The
rental income is £350. This means
an annual rental return
of 8.4% and
an annual
income of
£1320! In addition to this, you will also have the
annual appreciation
which is estimated to be more than
20%.
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